Better Warranties Mean Higher Solar Home Values

More good news for new solar customers. As residential solar competition heats up, system warranties are improving.

At Savenia, we calculate that systems with higher power warranties will see an overall increase in their system lifetime cash flows. – around 8% compared to lower level warranties. These higher power programs ensure that system owners get maximum power and minimal panel degradation during their system lifetimes. Understandably, these higher power system owners will see an overall increase in their system’s lifetime cash flow. For a solar system size of 8kW with average US electricity costs, this translates into an increase of around $3K on top of all the other financial benefits of the system. This assumes one solar system with a warranty guaranteeing power at 92% vs. new over 25 years, and another system guaranteeing 80%.

Many other elements in the warranty package are also changing with competition. Length of warranty (ranging from 10-30 years), payment of fees for removal / shipping / repair / installation of faulty items, which components are covered (panels, inverters, management software, etc).

Savenia Solar Ratings help capture and communicate the added value of solar systems in all 50 states.

Savenia Solar Ratings for Installers – Provide solar customers with a powerful, 3rd party independent report on the value added to the home as a result of solar installation.

Savenia Solar Ratings for Home Sellers – Provide potential home buyers with a 3rd party, independent report and marketing materials to help differentiate a solar home, sell faster and capture more value.

 To get Savenia Solar Ratings for your organization – contact us at info@savenialabs.com

New DC Solar Law Adds Value To Solar Homes!

Today we updated our solar rating algorithms for Washington DC to capture the value of recent legislation extending solar incentives https://mayor.dc.gov/release/mayor-bowser-signs-renewable-portfolio-standard-bill-law.

We calculate that recently installed DC solar systems that own SRECS will see an overall increase in their system lifetime cash flows of around 20% as a result of this new law. For a solar system size of 8kW, this translates into an increase of around $15K. This is on top of the very attractive incentives already in place in DC for solar homeowners.

Savenia will incorporate these changes into all new DC solar ratings from today. Savenia Solar Ratings are available in all 50 states.

Savenia Solar Ratings for Installers – Provide solar customers with a powerful, 3rd party independent report on the value added to the home as a result of solar installation.

Savenia Solar Ratings for Home Sellers – Provide potential home buyers with a 3rd party, independent report and marketing materials to help differentiate a solar home, sell faster and capture more value.

 To get Savenia Solar Ratings for your organization – contact us at info@savenialabs.com

Savenia Unveils Award-Winning Solar Value Calculator

PrintToday, we’re proud to announce that we’ve brought our award-winning Solar Ratings online – to allow any solar homeowner across the country to find the potential value their system adds to their home at sale. See the full release here.

Selling a solar home can be hard work. And continued media coverage is turning this into a selling issue for installers. Many Realtors and appraisers aren’t fully trained on solar, price premiums vary widely, and solar leases and incentive income have been ignored. We can help.

Homeowners can now get a 30-second FREE online value estimate at http://saveniahome.com. When ready to sell, they can easily upgrade to a verified Premium Savenia Solar Rating Label – the gold standard in the United States that comes with tailored marketing materials to be used at open houses, showings and online advertising to help differentiate a solar home, sell faster and capture more value.

Industry leading solar installers and allies nationwide are unveiling Savenia’s services to their clients to promote the value of solar, differentiate their offerings and provide a great customer experience. We’re now recruiting more innovative companies to be on the cutting edge of this movement to support the value of solar from beginning to end of the ownership process.

Thank you for the continued support

How Much Is Your Solar System Worth To Home Buyers?

It could be a lot.  Several large studies now show that solar can increase home values by as much as $15-25K depending on system size and age. But most solar system owners undersell the benefits when they market their home. The typical listing for a home with solar panels says somewhere in the details…..wait for it…..solar.  

Screen Shot 2014-05-21 at 3.01.33 PMSellers should say more. Buyers are interested in saving money on their energy bills, and this can be a differentiator to get a home sold faster. Some systems even earn money by selling energy back to the utility, a big selling point. Even in cases where the solar system is leased and cash flow is about break-even, buyers are interested in the environmental benefits of a home with clean energy. And for many leased systems, convincing the new buyer to keep the lease is crucial – newer leases now require home sellers to “buy out” the remaining lease term if the new owners don’t agree to the lease’s conditions.

Savenia helps homeowners, realtors, builders and renovators unlock the value of efficiency upgrades – and with our large databases, we’re in a great position to help solar homeowners cash in on their investments.
If you have solar on your home and wondered how best to market this to buyers – please get in touch at info@savenialabs.com.  Or sign up to learn more here.
Thanks everyone for your continued support!